MDU Resources Group, Inc. (MDU) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS
MDU Resources Group, Inc. (NYSE:MDU) posted its quarterly earnings results on Wednesday. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03), Briefing.com reports. The firm had revenue of $1.27 billion for the quarter. MDU Resources Group had a net margin of 5.39% and a return on equity of 10.26%. During the same quarter in the prior year, the company posted $0.45 earnings per share. MDU Resources Group updated its FY17 guidance to $1.10-1.20 EPS.
Shares of MDU Resources Group (NYSE:MDU) traded down $0.93 during midday trading on Friday, reaching $26.16. The company’s stock had a trading volume of 701,453 shares, compared to its average volume of 604,350. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 22.19 and a beta of 0.92.
In other MDU Resources Group news, CEO David L. Goodin acquired 5,000 shares of the stock in a transaction dated Friday, August 11th. The stock was acquired at an average price of $25.57 per share, with a total value of $127,850.00. Following the completion of the purchase, the chief executive officer now owns 95,210 shares in the company, valued at approximately $2,434,519.70. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.95% of the company’s stock.
Several equities research analysts have weighed in on the company. Zacks Investment Research raised MDU Resources Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub raised MDU Resources Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, KeyCorp reaffirmed a “buy” rating and issued a $28.00 target price on shares of MDU Resources Group in a research report on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. MDU Resources Group currently has an average rating of “Hold” and a consensus target price of $30.75.
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MDU Resources Group Company Profile
MDU Resources Group, Inc is engaged in regulated energy delivery and construction materials and services business. The Company’s businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity.
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